SandRidge Energy (NYSE:SD) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SandRidge Energy (NYSE:SD) from a buy rating to a hold rating in a research report released on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of SandRidge Energy in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, SandRidge Energy presently has a consensus rating of “Buy”.

SandRidge Energy Stock Down 0.7%

Shares of NYSE SD opened at $17.31 on Friday. The stock’s 50-day simple moving average is $15.91 and its two-hundred day simple moving average is $13.84. SandRidge Energy has a twelve month low of $8.81 and a twelve month high of $18.45. The firm has a market capitalization of $637.38 million, a P/E ratio of 9.11 and a beta of 0.55.

SandRidge Energy (NYSE:SD) last issued its quarterly earnings results on Wednesday, March 4th. The oil and natural gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SandRidge Energy had a net margin of 44.90% and a return on equity of 11.24%. The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $43.70 million.

SandRidge Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.48 annualized dividend and a yield of 2.8%. SandRidge Energy’s payout ratio is 25.26%.

Institutional Trading of SandRidge Energy

A number of hedge funds have recently bought and sold shares of SD. Alps Advisors Inc. purchased a new position in shares of SandRidge Energy during the third quarter worth approximately $450,000. American Century Companies Inc. boosted its stake in shares of SandRidge Energy by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 1,107,341 shares of the oil and natural gas company’s stock valued at $11,981,000 after purchasing an additional 72,537 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of SandRidge Energy by 138.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,134 shares of the oil and natural gas company’s stock valued at $348,000 after purchasing an additional 18,631 shares during the last quarter. Azarias Capital Management L.P. grew its holdings in shares of SandRidge Energy by 39.2% during the 3rd quarter. Azarias Capital Management L.P. now owns 481,704 shares of the oil and natural gas company’s stock valued at $5,434,000 after purchasing an additional 135,634 shares during the last quarter. Finally, First Wilshire Securities Management Inc. raised its position in SandRidge Energy by 7.3% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 1,238,581 shares of the oil and natural gas company’s stock worth $13,401,000 after purchasing an additional 83,959 shares during the period. Institutional investors own 61.84% of the company’s stock.

SandRidge Energy Company Profile

SandRidge Energy, Inc (NYSE: SD) is an independent exploration and production company focused on the development of onshore oil and natural gas resources in the United States. The company concentrates its operations primarily in the Anadarko Basin, applying horizontal drilling and multi-stage hydraulic fracturing techniques to exploit unconventional reservoirs. SandRidge’s asset portfolio includes both crude oil and natural gas liquids, complemented by associated gas production, with infrastructure investments designed to optimize midstream availability and enhance capital efficiency.

Founded in 2006 by industry veteran Tom L.